LBBW supports British Solar Renewables with financing

LBBW supports pioneering financing for renewable energies in the UK

LBBW, together with three renowned international banks - Lloyds Bank, NatWest and the Commonwealth Bank of Australia (CBA) - has concluded a big hybrid portfolio financings in the renewable energy sector for British Solar Renewables (BSR), one of the leading developers and operators of renewable energy projects in the United Kingdom.

With a loan volume of GBP 345 million, i.e. around EUR 404 million, this will finance the development and construction of twelve projects in the UK, which include a combination of solar energy systems and battery energy storage systems (BESS).

LBBW as mandated lead arranger and hedge provider in the syndicated loan

LBBW is acting as mandated lead arranger and hedge provider in the syndicated loan and is also the only German bank in the international consortium. With this role, LBBW emphasises its leading position in the financing of complex and state-of-the-art infrastructure projects in the field of renewable energies.

Of particular note is the flexible financing structure in the syndicated loan, which enables both new financing and the restructuring of existing projects - optimally tailored to the specific requirements of solar and storage technologies and orientated to the individual needs of the customer British Solar Renewables.

Contributing to sustainability and the energy transition

With an annual energy production of 600 GWh, the projects make a valuable contribution to the decarbonisation of the United Kingdom: around 140,000 tonnes of CO₂ emissions are saved every year. This corresponds to the electricity requirements of around 160,000 British households.